Non-UK Policies/Offshore Bonds/Offshore Life Policy Taxation

Below is a selection of our most recent updates on this subject.

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Gross Roll Up, Low Yields And 45% Tax

A lower additional rate tax has slightly changed the benefit of gross roll up
Monday, April 02, 2012

Offshore Bonds

GROSS ROLL UP, LOW YIELDS AND 50% TAX
Friday, March 09, 2012

Tax Myths

Misleading comments
Thursday, February 18, 2010

Avoidance Using Life Policies

Draft legislation issued: Loss relief against miscellaneous income: Losses on offshore life policies not relievable against miscellaneous income
Friday, April 03, 2009

Avoidance Using Life Policies

HMRC has issued draft legislation to tackle life policy schemes that it deems have been designed to avoid income tax.
Friday, April 03, 2009

Non-UK Domiciliaries And The Remittance Basis-Since The Pbr Interest In Planning For Non-UK Domiciliaries Has Increased

The remittance basis following the November PBR: £30,000 tax 'fee': The position of offshore single premium bonds.
Tuesday, December 11, 2007

The Computation Of Gains Under Life Policies And Capital Redemption Policies

IR confirms 20% tax rate applies to policyholder gains made by basic rate taxpayers
Thursday, May 08, 2003

Life Assurers Critisise Accounting Rule Proposals

Some countries have criticised the proposed international accounting standards for life companies.
Thursday, April 04, 2002

Personal Portfolio Bonds Regulations Amendment

A tidying up exercise necessitated by the changes in taxation of part assignments and certain part surrenders introduced by Schedule 28 Finance Act 2001.
Thursday, October 04, 2001

Definition Of Capital

An investment by a UK individual into a policy with a Luxembourg based insurance company written in trust under which the investor was entitled to receive a 10% “income” from the encashment of units with the balance of the fund being available to the trustees after his death, was not to be treated as an overseas annuity for taxation purposes but taxed under the 5% part surrender rules that apply to life policies and capital redemption policies.
Monday, September 10, 2001

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